Folger Nolan Fleming Douglas Capital Management Inc. Reduces Stock Position in Church & Dwight Co., Inc. (NYSE:CHD)

Folger Nolan Fleming Douglas Capital Management Inc. reduced its position in shares of Church & Dwight Co., Inc. (NYSE:CHD) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 145,243 shares of the company’s stock after selling 1,884 shares during the period. Church & Dwight comprises 1.5% of Folger Nolan Fleming Douglas Capital Management Inc.’s investment portfolio, making the stock its 18th largest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Church & Dwight were worth $13,734,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Chilton Capital Management LLC boosted its holdings in shares of Church & Dwight by 50.0% during the fourth quarter. Chilton Capital Management LLC now owns 330 shares of the company’s stock worth $31,000 after purchasing an additional 110 shares during the period. Annapolis Financial Services LLC boosted its holdings in shares of Church & Dwight by 2,087.5% during the fourth quarter. Annapolis Financial Services LLC now owns 350 shares of the company’s stock worth $33,000 after purchasing an additional 334 shares during the period. Koesten Hirschmann & Crabtree INC. purchased a new stake in shares of Church & Dwight during the third quarter worth about $38,000. McGlone Suttner Wealth Management Inc. purchased a new stake in Church & Dwight in the fourth quarter worth about $62,000. Finally, Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Church & Dwight by 74.7% in the fourth quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 685 shares of the company’s stock worth $65,000 after buying an additional 293 shares during the period. 86.60% of the stock is currently owned by hedge funds and other institutional investors.

Church & Dwight Stock Performance

NYSE:CHD traded down $0.93 during trading hours on Friday, reaching $106.32. The company had a trading volume of 1,037,566 shares, compared to its average volume of 1,148,941. The company has a current ratio of 1.08, a quick ratio of 0.64 and a debt-to-equity ratio of 0.57. Church & Dwight Co., Inc. has a 52 week low of $82.25 and a 52 week high of $108.10. The firm has a market cap of $25.93 billion, a price-to-earnings ratio of 34.97, a PEG ratio of 3.59 and a beta of 0.53. The firm’s 50 day moving average price is $102.91 and its 200-day moving average price is $97.11.

Church & Dwight (NYSE:CHD) last issued its quarterly earnings results on Friday, February 2nd. The company reported $0.65 earnings per share for the quarter, hitting the consensus estimate of $0.65. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.51 billion. Church & Dwight had a net margin of 12.88% and a return on equity of 20.28%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.62 EPS. On average, analysts forecast that Church & Dwight Co., Inc. will post 3.44 EPS for the current year.

Church & Dwight Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Thursday, February 15th were paid a dividend of $0.2838 per share. This represents a $1.14 annualized dividend and a dividend yield of 1.07%. The ex-dividend date was Wednesday, February 14th. This is a boost from Church & Dwight’s previous quarterly dividend of $0.27. Church & Dwight’s dividend payout ratio (DPR) is currently 37.17%.

Analyst Ratings Changes

CHD has been the subject of several research analyst reports. Argus upgraded shares of Church & Dwight from a “hold” rating to a “buy” rating and set a $115.00 price objective for the company in a report on Friday, February 23rd. TheStreet upgraded shares of Church & Dwight from a “c+” rating to a “b” rating in a report on Friday, February 2nd. Bank of America raised their price objective on shares of Church & Dwight from $100.00 to $104.00 and gave the stock a “neutral” rating in a report on Monday, April 15th. The Goldman Sachs Group began coverage on shares of Church & Dwight in a report on Friday, March 1st. They issued a “buy” rating and a $110.00 price objective for the company. Finally, Barclays raised their target price on shares of Church & Dwight from $80.00 to $83.00 and gave the company an “underweight” rating in a research note on Friday, April 12th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $104.07.

Insider Transactions at Church & Dwight

In related news, EVP Rene Hemsey sold 9,280 shares of Church & Dwight stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total transaction of $930,041.60. Following the transaction, the executive vice president now owns 6,373 shares in the company, valued at approximately $638,702.06. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, EVP Michael Read sold 4,500 shares of Church & Dwight stock in a transaction on Monday, March 11th. The shares were sold at an average price of $105.00, for a total transaction of $472,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Rene Hemsey sold 9,280 shares of Church & Dwight stock in a transaction on Wednesday, February 7th. The shares were sold at an average price of $100.22, for a total transaction of $930,041.60. Following the completion of the sale, the executive vice president now owns 6,373 shares in the company, valued at $638,702.06. The disclosure for this sale can be found here. Insiders have sold 373,052 shares of company stock worth $38,603,796 in the last 90 days. 2.00% of the stock is currently owned by insiders.

Church & Dwight Profile

Church & Dwight Co, Inc develops, manufactures, and markets household, personal care, and specialty products. It operates in three segments: Consumer Domestic, Consumer International, and Specialty Products Division. The company offers cat litters, carpet deodorizers, laundry detergents, and baking soda, as well as other baking soda based products under the ARM & HAMMER brand; condoms, lubricants, and vibrators under the TROJAN brand; stain removers, cleaning solutions, laundry detergents, and bleach alternatives under the OXICLEAN brand; toothbrushes under the SPINBRUSH brand; home pregnancy and ovulation test kits under the FIRST RESPONSE brand; depilatories under the NAIR brand; oral analgesics under the ORAJEL brand; laundry detergents under the XTRA brand; gummy dietary supplements under the L'IL CRITTERS and VITAFUSION brands; dry shampoos under the BATISTE brand; water flossers and showerheads under the WATERPIK brand; cold shortening and relief products under the ZICAM brand; oral care products under the THERABREATH brand; and acne treatment products under the HERO brand.